AML Registration Number: RREI6022
Effective Date: 7-7-2015
This privacy notice discloses the privacy practices for www.icodeswholesale.com 323-654-3200 This privacy notice applies solely to information collected by this website, except where stated otherwise. It will notify you of the following:
- What information we collect
- With whom it is shared
- How it can be corrected
- How it is secured
- How policy changes will be communicated
- How to address concerns over misuse of personal data
Information Collection, Use, and Sharing: We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via email or another direct contact from you. We will not sell or rent this information to anyone.
We will use your information to respond to you, regarding the reason you contacted us. We will not share your information with any third party outside of our organization, other than as necessary to fulfill your request, e.g., to ship an order.
Your Access to and Control Over Information: You may opt out of any future contacts from us at any time. You can do the following at any time by contacting us via the email address or phone number provided on our website:
- See what data we have about you if any
- Change/correct any data we have about you
- Have us delete any data we have about you
- Express any concern you have about our use of your data
Security: We take precautions to protect your information. When you submit sensitive information via the website, your information is protected both online and offline.
Wherever we collect sensitive information (such as credit card data), that information is encrypted and transmitted to us in a secure way. You can verify this by looking for a closed lock icon at the bottom of your web browser, or looking for “https” at the beginning of the address of the web page.
While we use encryption to protect sensitive information transmitted online, we also protect your information offline. Only employees who need the information to perform a specific job (e.g, billing or customer service) are granted access to personally identifiable information. The computers/servers on which we store personally identifiable information are kept in a secure environment.
Notification of Changes: Whenever material changes are made to the privacy notice specify how you will notify consumers.
Other Provisions as Required by Law: Numerous other provisions and/or practices may be required as a result of laws, international treaties, or industry practices. It is up to you to determine what additional practices must be followed and/or what additional disclosures are required. Please take special notice of the California Online Privacy Protection Act (CalOPPA), which is frequently amended and now includes a disclosure requirement for “Do Not Track” signals.
Email: [email protected]
Registration: In order to use this website, a user must first complete the registration form. During registration, a user is required to give certain information (such as name and email address). This information is used to contact you about the products/services on our site in which you have expressed interest. At your option, you may also provide demographic information (such as gender or age) about yourself, but it is not required.
Orders: We request information from you on our order form. To buy from us, you must provide contact information (like name and shipping address) and financial information (like credit card number, expiration date). This information is used for billing purposes and to fill your orders. If we have trouble processing an order, we’ll use this information to contact you.
Cookies: We use “cookies” on this site. A cookie is a piece of data stored on a site visitor’s hard drive to help us improve your access to our site and identify repeat visitors to our site. For instance, when we use a cookie to identify you, you would not have to log in a password more than once, thereby saving time while on our site. Cookies can also enable us to track and target the interests of our users to enhance their experience on our site. Usage of a cookie is in no way linked to any personally identifiable information on our site.
Sharing: We share aggregated demographic information with our partners and advertisers. This is not linked to any personal information that can identify any individual person.
And/or: We use an outside shipping company to ship orders, and a credit card processing company to bill users for goods and services. These companies do not retain, share, store or use personally identifiable information for any secondary purposes beyond filling your order.
And/or: We partner with another party to provide specific services. When the user signs up for these services, we will share names or other contact information that is necessary for the third party to provide these services. These parties are not allowed to use personally identifiable information except for the purpose of providing these services.
Links: This website contains links to other sites. Please be aware that we are not responsible for the content or privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of any other site that collects personally identifiable information.
Surveys & Contests: From time to time our site requests information via surveys or contests. Participation in these surveys or contests is completely voluntary and you may choose whether or not to participate and therefore disclose this information. Information requested may include contact information (such as name and shipping address), and demographic information (such as zip code, age level). Contact information will be used to notify the winners and award prizes. Survey information will be used for purposes of monitoring or improving the use and satisfaction of this site.
Privacy notice requirements are subject to change. You should make it a policy to regularly review your privacy notice and practices to ensure you are keeping up with changes to applicable laws, industry practices, and technology.
Safeguarding privacy is not done by simply adding a privacy notice. You must also implement the proper policies, procedures, and safeguards and ensure your employees, independent contractors, agents, and/or 3rdparty partners as well as the technologies you employ, are appropriate in accordance with applicable laws.
AML Policy & Procedures for Prepaid Access
AML Registration Number: RREI6022
Policy and procedures limiting sales of prepaid access to no more than $10,000 per person per day
The Bank Secrecy Act (BSA), initially adopted in 1970, established the basic framework for anti-money laundering (AML) obligations imposed on financial institutions. Among other things, it authorizes the Secretary of the Treasury Department (Treasury) to issue regulations requiring financial institutions and money services businesses to keep records and file reports on financial transactions that may be useful in investigations and the prosecution of money laundering and other financial crimes. The Financial Crimes Enforcement Network (FinCEN), a bureau within Treasury, is the administrator of the BSA.
Description of Money Laundering
Money laundering is the attempt to conceal or disguise the nature, location, source, ownership, or control of illegally obtained money. If illegal money is successfully laundered, criminals maintain control over their illegally obtained funds and they can establish a separate cover for their illicit source of income. The AML laws apply to any funds derived from illegal activities, such as funds held by human smugglers, drug traffickers, terrorists, organized crime, tax evaders, and other groups and individuals seeking to transfer, spend and/or invest money derived from any type of crime.
Money laundering is not limited to cash. Money laundering can be done through any type of financial transaction, including, but not limited to, funds transfers, money orders, checks, debit cards, Prepaid Access such as stored-value cards, and credit card transactions.
FinCEN Requirements for Sale of Prepaid Access
On July 26, 2011, FinCEN issued a Rule (the “Rule”) amending the BSA regulations and establishing comprehensive regulatory requirements for sales of prepaid stored value cards and other prepaid access. “Prepaid Access” means stored value cards or other access devices where funds are prepaid by a customer and subsequently used to make a purchase, reload a general-purpose reloadable (GPR) card, or make a phone call. Prepaid Access also includes stored-value gift cards issued to customers as refunds.
Traditionally, the term “money services business” (MSB) as defined by FinCEN applies to a retailer providing certain financial services including selling or redeeming stored value, whether or not on a regular basis, for more than $1,000 per person in any single day. Relating the definition of MSB to the FinCEN Rule, a retail merchant (“retailer”) is a “Seller of Prepaid Access” if: (a) it sells Prepaid Access that is not exempt under the Rule, OR (b) it sells more than $10,000 of Prepaid Access (whether exempt or not exempt) in a single day to a single person without implementing policies and procedures reasonably designed to prevent such a sale.
Products sold by this company (including those distributed by Blackhawk Network, Inc. to our company as part of the Alliance Partner network) will be exempt under the FinCEN Rule because they will be limited to: (a) closed-loop stored-value products that permit no more than $2,000 to be associated with (i.e., loaded and reloaded onto) the product per day and that do not permit cash redemptions (except as legally required); and (b) open-loop stored value products that permit no more than $1,000 to be associated with the product per day and that, prior to obtaining customer identification, do not permit (i) international usage; (ii) person-to-person transfers or (iii) reloads from non-depository sources.
Our company is implementing this policy to avoid the sale of more than $10,000 of Prepaid Access in a single day to a single person, and to avoid being a “Seller of Prepaid Access” as a result of violating the prohibitions on such sales without this policy and procedures being in place.